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Money and Its Functions · Question 49 of 57

Question 49

MediumOriginal question

Currency held by the public is ₹400 crore, demand deposits ₹350 crore and other deposits with the RBI ₹5 crore. M1 is

Options for question 49

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. M1 = 400 + 350 + 5 = ₹755 crore.

Concept
Calculating M1
Typical time
70 s
Your time
—
The rule this testsThe supply of money: M1 to M4
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Ten questions from Money and Its Functions, at your own pace.

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